Search Results for "Westpac"
2 results for "Westpac"
Deals 2
Westpac Launches BaaS Platform with Afterpay as First Partner
Westpac launched a cloud-native banking-as-a-service platform in October 2020, with Afterpay as its inaugural partner. The platform enables fintechs to offer embedded transaction accounts, savings accounts, and cashflow tools under Westpac's banking license. Afterpay planned to roll out these services to its 3.3 million Australian customers by Q2 2021.
Westpac Partners with 10x Future Technologies to Build BaaS Platform
Australian bank Westpac partnered with UK fintech 10x Future Technologies to build a standalone banking-as-a-service platform. The deal, announced during Westpac's full-year results, enables institutional customers and fintech partners to distribute Westpac banking products. Westpac also plans a minority equity investment in 10x.